Inflation Down To Below 2% In June

The Consumer Price Index was down to 1.8% in the month of June from 2.2% in May. The RPI fell by 1.6% over the year. Food and beverages were again the main downward contribution as with 'factory gate' prices. Furniture and household equipment were also a factor. Recreation and culture contributed a large upward pressure. As an internationally comparative measure the CPI shows that UK inflation in May was 2.2%. The provisional figure for the EU as a whole was 0.7%. The statistics are from the ONS.